TGM 2.78% 17.5¢ theta gold mines limited

Seriously - cheapest high grade goldie asx ? 26m mc. 5.15Moz...

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    Seriously - cheapest high grade goldie asx ?

    26m mc.
    5.15Moz (34.7Mt @ 4.62g/t Au)


    " An annual review of Group JORC (2012) Mineral Resources for Stonewall Resources (ASX: SWJ, SWJO) has seen a 39% increase (+1.43Moz) in total gold Mineral Resources to 5.15Moz (34.7Mt @ 4.62g/t Au, 24% Measured and Indicated, 76% Inferred)
     This major technical exercise has been delivered on schedule by the company’s independent geological consultants, Minxcon
     Driven by a 146% increase (+975koz) in Mineral Resources at Glynns‐Lydenburg (to 9.8Mt @ 5.2g/t Au for 1.64Moz, 100% inferred) and inclusion of the Vaalhoek Mineral Resource (+581koz)
    This Mineral Resource excludes the focus of current drilling at Theta Hill, hence is expected to grow further once the current drilling campaign is completed and a maiden JORC (2012) Mineral Resource estimated
     The largest contributor to this increase in the Mineral Resource is due to the process of collating, capturing and digitising historical datasets and re‐investigating the historical mining potential through modern modelling and estimation techniques. The largest contribution is from the Vaalhoek and Glynns‐Lydenburg mines which have not had a complete Mineral Resource estimated until now
     The focus is now on upgrading Inferred Mineral Resources to the Indicated category, ahead of planned Mineral Reserves declaration under JORC 2012."
 
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Last
17.5¢
Change
-0.005(2.78%)
Mkt cap ! $117.4M
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17.5¢ 17.5¢ 17.5¢ $70 400

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No. Vol. Price($)
1 40095 17.5¢
 

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Price($) Vol. No.
18.0¢ 3 1
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Last trade - 10.10am 27/11/2024 (20 minute delay) ?
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